From the bit I have seen made public and my understanding of economics is limited,but the bill seemed like bullshit.
I didnt really see anything that would make sure this doesnt happen again. I didnt see any regulations just buncha fluff.
Glad this version got voted down. But IMO they gotta do something
It still seems like Wall Street is massaging things so they can profit from this.
FUKK THAT!! It aint about them anymore! Its about not messing things up for the rest of the country
Anything they deregulate, crashes!!!
I didnt really see anything that would make sure this doesnt happen again. I didnt see any regulations just buncha fluff.
Glad this version got voted down. But IMO they gotta do something
It still seems like Wall Street is massaging things so they can profit from this.
FUKK THAT!! It aint about them anymore! Its about not messing things up for the rest of the country
Anything they deregulate, crashes!!!
its alot of fake wealth tied up in wall street
plus we now have a negative savings rate....many people out there living paycheck to paycheck...with 100s of thousands of debt piling up......
multinationals and tech issues that in recent times have been able to hold up their earnings due to global growth on top of a weak dollar
will now start to feel the pain
the banks just the epicenter
it's spreading globally and our global economy was very symbotic
chinese exporting to US could consume more gas, oil, and american goods
brazil (down 10% today), canada, mexico, australia, russia, iran
etc....could export their oil, food, commodities and such and thus have more money to consume more goods
global growth the past 5 years was at a pace not seen for a very very long time and it was rooted in our farse credit expansion funded on debt by other countries
that is now coming to an end
all the coming bill will help to some extent delock the global financial system that is having major liquidity and sytemic problems (many banks will still take losses on all this toxic trash they want the taxpayer to buy) to some extent....so people with very good credit can at least get a loan if they need it.....
its not gonna open up the credit spigots again.....to handing out loans to anybody with a pulse which is what happened in the recent past and allowed the global economy to expand
plus we now have a negative savings rate....many people out there living paycheck to paycheck...with 100s of thousands of debt piling up......
multinationals and tech issues that in recent times have been able to hold up their earnings due to global growth on top of a weak dollar
will now start to feel the pain
the banks just the epicenter
it's spreading globally and our global economy was very symbotic
chinese exporting to US could consume more gas, oil, and american goods
brazil (down 10% today), canada, mexico, australia, russia, iran
etc....could export their oil, food, commodities and such and thus have more money to consume more goodsglobal growth the past 5 years was at a pace not seen for a very very long time and it was rooted in our farse credit expansion funded on debt by other countries
that is now coming to an end
all the coming bill will help to some extent delock the global financial system that is having major liquidity and sytemic problems (many banks will still take losses on all this toxic trash they want the taxpayer to buy) to some extent....so people with very good credit can at least get a loan if they need it.....
its not gonna open up the credit spigots again.....to handing out loans to anybody with a pulse which is what happened in the recent past and allowed the global economy to expand
